×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Read on the App

Use saccos to fight poverty, corruption

Corruption is a strange industry. It can take only three people, one working full time and the other two as “sleeping” directors, a few months to make a profit of Sh500 million. To make the same amount in a month, it takes some of our best known companies a lot of man hours, billions of shillings in capital and infrastructure.

This makes one thing clear, corruption spawns laziness and unemployment and stifles business opportunity. Even worse it makes markets unstable as those who make money easily also spend it lavishly making things more expensive.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in